su8k_111907.htm

0000203248-07-000078.txt : 20071119 0000203248-07-000078.hdr.sgml : 20071119 20071119094126 ACCESSION NUMBER: 0000203248-07-000078 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071119 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071119 DATE AS OF CHANGE: 20071119 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN UNION CO CENTRAL INDEX KEY: 0000203248 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 750571592 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06407 FILM NUMBER: 071254964 BUSINESS ADDRESS: STREET 1: 5444 WESTHEIMER RD CITY: HOUSTON STATE: TX ZIP: 77056-5306 BUSINESS PHONE: (713) 989-2000 MAIL ADDRESS: STREET 1: 5444 WESTHEIMER RD CITY: HOUSTON STATE: TX ZIP: 77056-5306 8-K 1 su8k_111907.htm SOUTHERN UNION COMPANY FORM 8-K, NOVEMBER 19, 2007 su8k_111907.htm

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8−K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported) November 19, 2007

SOUTHERN UNION COMPANY

(Exact name of registrant as specified in its charter)

Delaware	1-6407	75-0571592
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

5444 Westheimer Road

Houston, Texas

(Address of principal executive offices)

77056-5306

(Zip Code)

Registrant's telephone number, including area code: (713) 989-2000

Check the appropriate box below if the Form 8−K/A filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act

(17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a−12 under the Exchange Act

(17 CFR 240.14a−12)

¨ Pre−commencement communications pursuant to Rule 14d−2(b) under the Exchange Act

(17 CFR 240.14d−2(b))

¨ Pre−commencement communications pursuant to Rule 13e−4(c) under the Exchange Act

(17 CFR 240.13e−4(c))

Item 8.01 Other Events.

Southern Union Company (NYSE: SUG) today announced that its board of directors approved the payment of an annual cash dividend of $.60 per share beginning with the fourth quarter of 2007. The $.60 cash dividend represents a 50% increase over the company’s previous $.40 annual cash dividend.

The board of directors also approved the payment of the fourth quarter 2007 dividend, in the amount of $.15 per share, payable on January 11, 2008 to holders of record at the close of business on December 28, 2007.

The press release is attached hereto as Exhibit 99.1

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.


Exhibit No.	Description
99.1	Southern Union Company November 19, 2007 Press Release

This 8-K includes forward-looking statements. Although Southern Union believes that its expectations are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein are enumerated in Southern Union's Forms 10-K and 10-Q as filed with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the Company, whether as a result of new information, future events, or otherwise.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SOUTHERN UNION COMPANY

(Registrant)

Date: November 19, 2007 /s/ Robert M. Kerrigan, III

Name: Robert M. Kerrigan, III

Title: Vice President - Assistant General

Counsel and Secretary

EXHIBIT INDEX

Exhibit No. Description

99.1	Southern Union Company November 19, 2007 Press Release.

EX-99.1 2 ex99_1.htm EXHIBIT - 99.1 ex99_1.htm

07-21

For further information:

John F. Walsh

Vice President, Investor Relations

Southern Union Company

212-659-3208

SOUTHERN UNION COMPANY ANNOUNCES

50 PERCENT INCREASE TO CASH DIVIDEND;

DECLARES 4^TH QUARTER DIVIDEND

Southern Union to pay $.60 per share annual cash dividend

commencing 4^th quarter 2007

HOUSTON, November 19, 2007 – Southern Union Company (NYSE: SUG) today announced that its board of directors approved the payment of an annual cash dividend of $.60 per share beginning with the fourth quarter of 2007. The $.60 cash dividend represents a 50 percent increase over the company’s previous $.40 annual cash dividend.

The board of directors also approved the payment of the fourth quarter 2007 dividend, in the amount of $.15 per share, payable on January 11, 2008, to holders of record at the close of business on December 28, 2007.

George L. Lindemann, chairman, president and chief executive officer, said “We are pleased to announce this significant increase to our annual per share cash dividend. After reviewing our capital expenditure and cash flow generation expectations for 2008, we are confident that we are in a position to return additional value to our shareholders. Additionally, in tandem with the dividend increase, we believe that our balance sheet and

capital structure will continue to accommodate future growth without jeopardizing our credit ratings."

About Southern Union Company

Southern Union Company, headquartered in Houston, is one of the nation’s leading diversified natural gas companies, engaged primarily in the transportation, storage, gathering, processing and distribution of natural gas. The company owns and operates one of the nation’s largest natural gas pipeline systems with approximately 20,000 miles of gathering and transportation pipelines and North America’s largest liquefied natural gas import terminal.

Through Panhandle Energy, Southern Union’s interstate pipeline interests operate approximately 15,000 miles of interstate pipelines that transport natural gas from the Anadarko and San Juan basins, the Rockies, the Gulf of Mexico, Mobile Bay and South Texas to major markets in the Southeast, Midwest and Great Lakes region.

Southern Union Gas Services, with approximately 4,800 miles of pipelines, is engaged in the gathering, transmission, treating, processing and redelivery of natural gas and natural gas liquids in Texas and New Mexico.

Through its local distribution companies, Missouri Gas Energy and New England Gas Company, Southern Union also serves more than half a million natural gas end-user customers in Missouri and Massachusetts.

For further information, visit www.sug.com.

Forward-Looking Information

This news release includes forward-looking statements. Although Southern Union believes that its expectations are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein are enumerated in Southern Union’s Forms 10-K and 10-Q as filed with the Securities and Exchange Commission. The company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the company, whether as a result of new information, future events, or otherwise.